HONGKONG AND SHANGHAI BANK ORDINANCE

HONGKONG AND SHANGHAI BANK ORDINANCE

Hongkong and Shanghai Bank

No. 15 of 1887.

An Ordinance authorising the Hongkong & Shanghai Banking
Corporation to continue incorporated for the further term
of Twenty-one years.

[4th May, 1887.]

H r Rr AS by section 4 of Pie flongka2~g and Slian~qhai Bank
that the Hongkong and Shanghai
W Yo.,5 0
O~.d~ncznce, ~t is provided C) C, 0 ~~ac,]
4

Ilankino- Corporation therein and hereinafter called the Company should
be established for the purpose of carrying on under the management of a
court of directors the business of banking for the term of twenty-one
years commencing from the day of the date of that Ordinance in the
Colony. And whereas by section 29 of the said Ordinance it was provided 1
that on the determination of the said term of twenty-one years the powers
and privileges hereinbefore conferred on the company should cease unless
the Governor, -with the advice of the Le;islative Council, should declare
to the contrary and by an Ordinance to that effect authorize the Company
to continue incorporated under the prow isions of the said Ordinance for
a further terra of ten years, or for such period and under such provisions
and conditions as might be contained in the said Ordinance. And

whereas the said term of twenty-one years expires on the 14th day of -

August, 187. And whereas it is expedient to authorize the Company
to continue incorporated under the provisions of the said Ordinance for 'a
further term of twenty-one' years'! Be it enacted by the Governor of
Honglion, with the advice of the~Le~i.slative Council thereof, as
follows:-
Ordinance No. 15 of 1887.

Hongkong and Shanghai Bank

1. The Company shall continue incorporated and shall carry on the
business of banking under the provisions and conditions
contained iii
yeas.Tl ae 1-1ongkonyandSh angh ai Z3ank0rdir ia

n ct, as amended by Ordinance
. No. 21 of 1882 for the further term of ticenty-one years coznmencin
from the l4tl1 day of Iiicrust, 1887.
Ordinances 5 2. This Ordinance and The Llon!rkong and Shanghai Bank
Ordinance
of 1866, 21 of

x$~2, and this as amended by Ordipance No. 21 of 1882 shall be read
to~;eth.er and

Ordinance to
be read as one construed as One Ordinance.
Ordinance.

Suspending
clause,

3. This Ordinance shall not come into operation unless and mltil.
the Officer Administcrino, the Gov erlrnent notifies by .proclamation
that.
it is Her Majesty's pleasure not to disallow the same a.ld thereafter it
shall come into operation upon such day as 'the Officer Adininisterin,
the Government shall notify -by the same or any other pr oclai n1at10n.

Confirncatiou proclainced 16th August, 1887.]
2131

Preamble.
[No. 5 of 1886.]
2132
Continuance for a further term of 21 years.
Ordinances 5 of 1866, 21 of 1882, and this Ordinance to be read as one Ordinance.
Suspending clause.

2131

Preamble.
[No. 5 of 1886.]
2132
Continuance for a further term of 21 years.
Ordinances 5 of 1866, 21 of 1882, and this Ordinance to be read as one Ordinance.
Suspending clause.

https://oelawhk.lib.hku.hk/items/show/533

1890

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No. 15 of 1887

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